1861 N Spring -- Mesa, AZ 85203
North Center NeighborhoodEstimated payment $4,242/month
Highlights
- Cooling Available
- Franklin at Brimhall Elementary School Rated A
- Heating Available
About This Home
Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,483
Year Built
- Built in 1984
Home Design
- Wood Frame Construction
- Composition Roof
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
Utilities
- Cooling Available
- Heating Available
- Natural Gas Not Available
Listing and Financial Details
- The owner pays for water, sewer, trash collection
- Tax Lot 21
- Assessor Parcel Number 136-24-125
Community Details
Overview
- 4 Units
- Building Dimensions are 6970
- North Mesa Village Subdivision
Building Details
- Operating Expense $8,138
- Gross Income $70,620
- Net Operating Income $55,977
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,487 | $15,070 | ||
| 2024 | $1,491 | $14,352 | ||
| 2023 | $1,491 | $50,330 | $10,060 | $40,270 |
| 2022 | $1,460 | $36,070 | $7,210 | $28,860 |
| 2021 | $1,478 | $28,380 | $5,670 | $22,710 |
| 2020 | $1,459 | $27,370 | $5,470 | $21,900 |
| 2019 | $1,363 | $23,770 | $4,750 | $19,020 |
| 2018 | $1,308 | $21,570 | $4,310 | $17,260 |
| 2017 | $1,269 | $15,830 | $3,160 | $12,670 |
| 2016 | $1,246 | $14,450 | $2,890 | $11,560 |
| 2015 | $1,171 | $12,880 | $2,570 | $10,310 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2026 06/23/26 | For Sale | $749,999 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $674,000 | Driggs Title Agency | |
| Interfamily Deed Transfer | -- | First Integrity Title Agency | |
| Warranty Deed | $479,000 | First Integrity Ttl Agcy Of | |
| Warranty Deed | $274,550 | Clear Title Agency Of Arizon | |
| Quit Claim Deed | -- | Stewart Title & Trust Of Pho | |
| Warranty Deed | $140,000 | Stewart Title & Trust Of Pho | |
| Special Warranty Deed | $290,000 | None Available | |
| Warranty Deed | $290,000 | Tsa Title Agency | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $219,000 | Security Title Agency | |
| Cash Sale Deed | $128,000 | Security Title Agency | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $661,792 | FHA | |
| Previous Owner | $359,250 | New Conventional | |
| Previous Owner | $205,912 | New Conventional | |
| Previous Owner | $137,464 | FHA | |
| Previous Owner | $232,000 | New Conventional | |
| Previous Owner | $21,900 | Credit Line Revolving | |
| Previous Owner | $175,200 | Purchase Money Mortgage | |
| Previous Owner | $175,200 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7045584
APN: 136-24-125
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.